Business accounting services in Hertfordshire

Research and Development

Companies that seek to research or develop an advance in their field qualify to claim R&D tax reliefs from HMRC. This can be a great source of additional income that allows the business to further develop idea. The claim can be made as either a cash payment or a tax reduction.

An activity is considered as R&D if it meets the following criteria;

  • Seeking an advance in science and technology
  • Attempting to resolve scientific or technological uncertainties
  • Developing net and innovative products, processes, or services
  • Enhancing or appreciably improving existing ones

What we can help you with

We provide a tailored service in relation to the claim and produce the report and file the claim. The details required to complete include;

  • Staff costs, which include their Gross salary, employer’s NIC, pension contributions and other expenses.
  • Subcontractors and freelancers, with up to 65% of their fees being recoupable.
  • Externally provided (agency) workers’ fees, but not the agency fees charged to find the workers.
  • Materials and consumables including heat, light and power that are used up or transformed by the R&D process.
  • Certain types of software, including items that are used for other purposes as well.

Request a Callback

Call back business

The personal information you supply on this contact form will only be used to deal with your enquiry. You can view our privacy policy here

“WOW” what a breath of fresh air it was to switch over to The Z² Group, to be finally working with a proactive and professional company led by Charlotte who has always got time to assist us, whenever required and just making the whole process of our accounts and dealing with HMRC very simple.
- Matt Aubrey, Aubrey Homes Construction Ltd